Celsius Faces ‘Looming Liquidity Cliff in June’, Says Creditors Committee
Concerns around yet another extension to Celsius’ bankruptcy timeline stem from how costly its administrative expenses have been thus far.
A Brief History of DeFi
DeFi is inextricably linked to the rise of cryptocurrencies, but it is not solely about crypto tokens.
Ready to GHO? Aave Launches Native Stablecoin on Ethereum Testnet
Aave’s foray into stablecoins inches closer as the DeFi giant launched its dollar-pegged GHO token on Ethereum’s Goerli testnet today.
Tether Reports $700M in Profits Despite ‘Tumultuous End to 2022’: CTO
Despite processing $21 billion in redemptions, stablecoin issuer Tether reported that it still generated $700 million in profits last quarter.
Tron Launches $100M AI Development Fund
The AI development fund will encourage the creation of applications on Tron using tools such as OpenAI’s ChatGPT.
LocalBitcoins to Shut Down After 10 Years of Operation
Citing the “ongoing very cold crypto-winter,” the P2P exchange LocalBitcoins announced it will discontinue services beginning today.